Visit portlandlandmatters.blogspot.com for more about Portland land use; visit united neighborhoodsforreform.blogspot.com for info on the demolition/development resolution

Wednesday, April 23, 2014

Developer aims to turn problems into payday

So much for making long-term investments in the neighborhoods: Developer Wally Remmers took some choice sites in Portland neighborhoods and squandered their potential with "greedy buildings." Speaking of the g word, he's asking just $13.6 million for the Beaumont Village building (and an additional $13.5 million for the other two properties), but neighbors likely will live with these projects and their outsize impacts forever.

The paint's barely dry on Wally Remmers's much-contested and non-code conforming 50-unit building on Northeast Fremont between 44th and 45th avenues (shown above, at left), and he's already putting it up for sale along with two other recently built projects that have rankled neighbors. It's not the first time he's ducked out early on a development, leaving expensive difficulties in his wake. Let's hope any buyers do their due diligence.